Pages

Monday, 17 February 2014

Authored by Junaid KhanBefore industrial
revolution, very few companies were doing business in a well-organized or
systematized way. The companies used to have small operations and in most cases,
a single person was managing all the operational strategies. The decisions were
in the light of overall company objectives and available resources. By the time,
manufacturing cycle of the companies increased, the management of entire
operation became impossible for a single person and formation of departments
with specific objectives contributing towards overall organizational goals was
introduced.

Saturday, 8 February 2014

The companies can greatly benefit from incorporating a smarter spend strategy into their organizational platform. By having credible spend information companies can make smarter purchasing decisions which will ultimately make them more successful. However, selecting the right spend analysis approach is not as simple as it may seems!

The primary purpose of deploying a spend analysis program is to help CPOs CFOs to transform there spend data into meaningful amount of information to forecast and make better decisions for spend strategy.

The following tips are the key success factor that will help organizations to shape there spend analysis approach as well as drive purchasing success for there corporation.